Daiwa Securities Group Inc. Buys Shares of 56,900 Coeur Mining, Inc. (NYSE:CDE)

Daiwa Securities Group Inc. bought a new position in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,900 shares of the basic materials company's stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of Coeur Mining by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company's stock worth $62,937,000 after acquiring an additional 89,863 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock valued at $9,761,000 after buying an additional 665,452 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Coeur Mining by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company's stock valued at $7,143,000 after buying an additional 5,541 shares during the last quarter. Barclays PLC raised its holdings in Coeur Mining by 59.2% in the 3rd quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock valued at $6,624,000 after buying an additional 358,097 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Coeur Mining by 14.1% in the 3rd quarter. Wellington Management Group LLP now owns 932,074 shares of the basic materials company's stock valued at $6,413,000 after buying an additional 114,870 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

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Insider Activity at Coeur Mining

In other news, CFO Thomas S. Whelan acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CDE has been the subject of a number of recent analyst reports. Roth Mkm decreased their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. TD Securities initiated coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price for the company. Raymond James raised shares of Coeur Mining from a "market perform" rating to an "outperform" rating and decreased their target price for the company from $8.75 to $8.25 in a research report on Friday, February 21st. BMO Capital Markets began coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price objective for the company. Finally, Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Coeur Mining currently has an average rating of "Buy" and a consensus price target of $8.05.

Coeur Mining Stock Down 2.3 %

NYSE:CDE traded down $0.15 during trading hours on Thursday, hitting $6.41. 22,600,970 shares of the company traded hands, compared to its average volume of 10,475,197. The company has a market cap of $4.09 billion, a PE ratio of 53.40 and a beta of 1.51. Coeur Mining, Inc. has a one year low of $2.98 and a one year high of $7.72. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm's 50-day simple moving average is $6.18 and its 200-day simple moving average is $6.35.

Coeur Mining (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The company had revenue of $305.40 million for the quarter, compared to analysts' expectations of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Equities analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Coeur Mining Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.